NWGC is severely undervalued 98% more profit Year over Year.
NWGC now has a higher annual profit than market cap !!!!! The
price per share should be in dollars. Additionally there is a
rumor of a stock buy back, that could suddenly cause the price
per share to be where it should. To See More Go To
http://www.michaelkegg.com/stocks/NWGC
There is also a rumor of a stock dividend forthcoming.
I have received stock dividends on the OTC,
in the form of shares which cannot be sold for a duration of time.
This can be quite profitable in a high growth stock.
GOLD IS COMING BACK !!!!! The largest gold producer by market
value, reported second-quarter earnings that beat analysts’
estimates after costs fell more than expected. Average so-
called all-in sustaining cost was $852 an ounce of gold,
compared with $1,227 a year earlier and the $921 average of
three estimates. These costs use mercury based gold extraction
from ore. NWGC uses 50% more efficient, nonpolluting,
nontoxic, mercury free gold extraction from ore milling
methods. The price of gold was up as much as $12.00 per ounce
this morning. we expect the FULL INDUSTRY STANDARD of 80% of
the gold oz to be recovered.
695,000 x 80% = 556,000 x $1316 per oz price = $731,696,000
695,000 x 80% = 556,000 x $1200 per oz cost = $667,200,000
Net Recoverable Value of Gold = $64,496,000
Listed Assets of $11,700,000
Annual Net Profits from Milling: $5,000,000
Total Assets plus profits = $81,196,000 / 621,000,000 shares
O/S = $.13 x P/E ratio of 20 = $2.60 per share!!!!!!!!!!!!!!
Additionally I would like to again point out, that the industry
average mining cost $1,200.00 per ounce is based upon old
environmentally retarded, mercury based, extraction milling.
This is important, because the Chinese have patented this new
technologically, environmentally friendly, mercury free milling
methods which NWGC is using, and the importance is beyond
environmental. Not turning everything into a toxic waste
hazard, means no clean up cost, further more, this mercury free
method, of milling and extracting precious and other metals
from ore, is claimed to be 50% more efficient. Bottom-line,
NWGC could be even more undervalued than even this conservative
valuation. Without gold having to reach $5,000.00 a share NWGC
could be worth $5.00 a share soon… As NWGC expands it’s milling
operations to include more and more ore, from other mines,
other than it’s own, the reduction in cost per ounce will fuel
NWGC’s expansion, as NWGC can offer, other independent junior
mining companies, without milling capabilities, a better deal
than it’s competitors. If NWGC cost per ounce is in the
$500.00 to $700.00 range, this is HUGE NEWS !!!!! This is why
China is the world leader in rare earth mining at present time
and NWGC is smart enough to use their methods. This is
factual. Neodymium mines in America exist yet 90% of neodymium
comes from China because of the new ore extraction methods.
Furthermore, if the price of gold were to drop, other gold mine
operations would have to seek out NWGC to mill their ore, face
closure, or giant reinvestment. Either way NWGC has positioned
itself to prosper greatly. With the price of gold increasing,
the severity of NWGC’s undervaluation will increase until
people wake up and discover NWGC.
New World Gold Corporation engages in defining, developing, and
producing gold assets in the United States and internationally.
It holds interests in the Montana project in the United States;
and the Ecuador and Peru projects in South America
New World Gold Corporation Schedules Opening of New Mill
Jul 21, 2014 (Marketwired via COMTEX) -- New World Gold
Corporation, (pinksheets:NWGC), a gold mining and milling
company with existing mining and milling operations in Ecuador
and Peru has agreed to begin processing tailings piles for
independent mining operations. The Company is building a new 50
ton a day mill to increase its processing capability. The new
mill is scheduled to be fully operational by August 20, 2014.
It is expected that the mill will operate at capacity within 3
to 4 weeks of start up
The initial tailings operation has 100,000 tons of material to
be processed with an average head grade of 5grams of gold per
ton and 20 ozs of silver per ton. Grades have been verified by
independent laboratory analysis. The Company will get paid for
the cost of processing the tailings plus a percentage of the
gold recovered (companies share is estimated to be
approximately 4000 ozs of gold in the first year of
operation).The Company's portable concentration operations
allow it to go into remote inaccessible areas to process
materials.
New World Gold Projects Profits for the End of the Second
Quarter
(Marketwired) -- 07/14/14 -- New World Gold Corporation
(PINKSHEETS: NWGC), a gold mining and milling company with
existing mining and milling operations in Ecuador and Peru
projects that it will have increased profits for the second
quarter ending June 30,2014 compared to the second quarter June
30,2013.
For the second quarter ended June 30, 2013, the Company
reported revenues of $3,641,305. For the second quarter ended
June 30, 2014, the Company is projecting revenues of
$4,990,000, an increase of 37% for the second quarter of 2014.
For the second quarter ending June 30, 2013, the Company
reported net profits of $822,172. For the second quarter ending
June 30, 2014, the Company is projecting net profits of at
least $1,100,000, an increase of 33.8% over the net profits for
June 30, 2013.
The Company projects that its financial results for the second
half of 2014 will exceed the profits reported in 2013. The
company will continue to increase its milling operation while
further developing the mining operation.
New World Gold Corporation
(561)210 8496
www.newworldgoldcorp.com
New World Gold Corporation To Begin Processing Tailings Piles
New World Gold Corporation July 9, 2014 11:04 AM
(BUSINESS WIRE)--
New World Gold Corporation, (OTC Pink: NWGC), a gold mining
and milling company with existing mining and milling operations
in Ecuador and Peru has agreed to begin processing tailings
piles for independent mining operations. The Company's expanded
operations using portable generators are ideal for this
project.
The initial tailings operation has 100,000 tons of material to
be processed with an average head grade of 5 grams of gold per
ton and 20 ozs of silver per ton. Grades have been verified by
independent laboratory analysis. The Company will get paid for
the cost of processing the tailings plus a percentage of the
gold recovered (estimated to be approximately 4000 ozs of gold
).The Company's portable concentration operations allow it to
go into remote inaccessible areas to process materials.
New World Gold Corporation trades in the United States on the
OTC Pink under the symbol “NWGC”.
New World Gold Increases the Number of Independent Miners That
It Processes Ore for
(Marketwired - Jun 9, 2014) - New World Gold Corporation
(PINKSHEETS: NWGC), a gold mining and milling company with
operations in Ecuador and Peru, is pleased to announce that it
continues to increase the number of independent miners that it
processes ore for. The Company makes a profit from the milling
process as well as getting a percentage of the gold and silver
that it produces for the independent miners.
The Company currently processes ore for 7 mines. It is expected
that this will increase to 12 mines by August as well as
processing its own reserves. The new mill, with a projected
start up in August 2014, is expected to be at capacity
immediately.
The Company increased both revenue and profits in the first
quarter of 2014. The Company is anticipating an excellent
second quarter with increased revenues and profits. With the
start up of the new mill in the third quarter, the second half
of the year is projected to produce very positive financial
results.
New 60 ton per day mill in Ecuador to generate in excess of
$2.0 million per year !!!!!
(Marketwired - Jun 5, 2014) - New World Gold Corporation
(PINKSHEETS: NWGC), a gold mining company with existing mining
and milling operations in Ecuador and Peru, wishes to announce
it has begun construction on a new 60 ton per day mill in
Ecuador. It is projected that this mill will be fully
operational August 15, 2014. Based on new additional contracts,
this mill is projected to generate in excess of $2.0 million
per year net. This represents a substantial increase in cash
flow. The company now has the capability to process over 500
tons of ore per day in Ecuador and Peru.
The Company has started to make its mills environmentally
sensitive by upgrading its mills, adding flotation cells and
eliminating the use of chemicals. It uses portable
concentrators that allow the company to process ore and
tailings in remote places. It does not use mercury or cyanide
and has lower power requirements and high capacity. With its
mills, the company is able to offer miners with no milling
capability the option to get their ore processed. The company
gets paid for the milling and gets a percentage of the gold and
silver produced. At the same time the Company processes its own
reserves.
The Company intends on pursuing both milling and mining
opportunities in both Ecuador and Peru. The fact that the
Company has the capability of milling its own reserves and the
ability to do contract milling gives us a huge advantage over
the majority of small gold mining corporations. The Company had
record revenue and profits for the year ended December 31,
2014. In the first quarter ended March 31, 2014 the revenues
and profits continued to grow. The company expects revenues and
profits to grow in 2014.
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